Your favorite Indianapolis neighborhoods

[Nazz Wang]

Hi BP Community who invest in Indianapolis area, what are your favorite neighborhoods / townships for buy and hold single family homes?

[Shawn Holsapple]

@Nazz Wang I always recommend new Indy investors sticking to outside the I-465 loop or near it.  This will avoid most war zones and older homes.

I would suggest that you start off with post war built [1950-1960] ranch homes that rents for at least $700 per month.  Anything older or lower in rent will cause you headaches [ask me how I know!].

The properties can be picked up for under $55k rent ready and offer a good return, low maintenance and are easy to rent.

I hope that helps.